Macro Inverted Head & Shoulders.Same chart, and this is on a log scale btw, additionally I adjusted the RSI to look more clean, but the chart is the exact same but instead a line chart.
Invertedheadandshoulders
EURCHF Bullish Idea - H1 and D timeframeInverted H&S has completed on the H1 time frame, where the head and right shoulder has also formed a textbook version of cup and handle (Round-shape cup & not-too-deep handle).
Supporting with the piercing line pattern and just hitted 0.618 retracement on daily timeframe, I would enter the position as soon as the market opens.
(Calculation of TP and SL distance assumed insignificant gaps)
First target is inverted H&S head minus neckline, 65 pips. As the price reach this target, I would not take profit but would move the SL to 1.07405.
Second target is the previous high of the retracement in daily time frame, around 200 pips. This target is already very decent to me, but if the momentum seems nice, I may consider to continue moving SL and let it run, in hope it can reach Fib 1.236 or even 1.618.
For SL, I would set it below the right shoulder, risking 35 pips.
GBPNZD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURGBP long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
Update EURUSD PostThis is just an update post on the successful formation of the inverted Head and Shoulder formation. If you went Long at the neckline, you would be seeing a huge profits in return.
EURJPY - look out for this pattern forming on the weekly chart. Im expecting EURJPY to make an inverted H&S before more upwards.
For now i will be looking for entry once broken trend line towards the neckline of the potential inverted H&S before next leg down to form the right shoulder before for more upside.
Will update the chart as the day goes. trade safe.
Inverted head and shoulder on the quarter pointLook for trend reversal upward, could ride till next 1000 quarter point
$ETHUSD Multi-timeframe bullish outlookBefore we get into this idea, please note that performance is not guaranteed. I recommend doing your own research before entering any trade. Your upvotes & comments are appreciated.
Today I'd like to update you on the ascending triangle I shared not too long ago (see below). I expected a breakout before the first of June.
In between now and then, the triangle has broken down to the downside and reclaimed it. In doing so, it printed an inverse head & shoulders pattern on both the daily and 4hr charts (see below). Using conservative methods, we measure the top of the lowest reaching candle in the head of the iH&S to the neckline. With the iH&S neckline at $217 and the height of the head measuring $30, I think a $247 per COINBASE:ETHUSD target is reasonable.
In printing and validating the iH&S however, COINBASE:ETHUSD has also broken out of the ascending triangle to the upside. Essentially, we're seeing 2 bullish formations happening on two different timeframes.
Combine this with COINBASE:BTCUSD regaining it's bullish momentum (keep an eye on the monthly close, we've not closed above $9340 in almost a year) , and I think we will see a nice few months for CRYPTOCAP:TOTAL .
By now I hope you have all filled your bags as I instructed you to do so at $191.
Best of luck traders.
Inverted head and shouldersAs you see we have invertet head and shoulders, with the begining of right arm. Also we have long position on MACD on daily chart.
ETHUSD - Price About to Rip from Inverted H&SAfter multiple days of bullish price action, price is now pushing against the neckline of an inverted H&S pattern that has a price target of around $250.
Inverse Head & Shoulders breakout?The RSI is displaying a bullish flag pattern that is currently breaking the downward sloping resistance, meanwhile, the Inverted H&S pattern is noticeability visible on the RSI as well.
Is Bitcoin trading in a Micro Inverted H&S?It appears as though Bitcoin is forming an inverted Head & Shoulders inside of a more macro Ascending Triangle.
The RSI is displaying a divergence from the price as well, you can notice there seems to be a sloping line of resistance on the RSI forming a descending triangle pattern.
Bearish divergences signify potential downtrends when prices rally to a new high while the oscillator refuses to reach a new peak. In this situation, bulls are losing their grip on the market, prices are rising only as a result of inertia, and the bears are ready to take control again.
Coca-Cola BullishKo appears to be a preparing for a nice bullish move.
1.) It has respected the trend line
2.) price has created a higher low
3.) found support at the 38.2 fib level
4.) a bullish flag appears to be present
5.) an inverse head and shoulders
Is WEED trading in a Bullish Flag?Potentially a Ascending Triangle as well, but we haven't seen a retest of the blue upward sloping support, instead Canopy has created a series of higher lows forming an inverted head & shoulders, next week will confirm the trend.
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends
An inverse head and shoulders pattern, upon completion, signals a bull market
Investors typically enter into a long position when the price rises above the resistance of the neckline.
Bullish flag formations are found in stocks with strong uptrends. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation. The flag can be a horizontal rectangle, but is also often angled down away from the prevailing trend. Another variant is called a bullish pennant, in which the consolidation takes the form of a symmetrical triangle. The shape of the flag is not as important as the underlying psychology behind the pattern. Basically, despite a strong vertical rally, the stock refuses to drop appreciably, as bulls snap up any shares they can get. The breakout from a flag often results in a powerful move higher, measuring the length of the prior flag pole. It is important to note that these patterns work the same in reverse and are known as bear flags and pennants.
An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns. The breakout can occur to the upside or downside. Ascending triangles are often called continuation patterns since the price will typically breakout in the same direction as the trend that was in place just prior to the triangle forming.
The trendlines of a triangle need to run along at least two swing highs and two swing lows.
Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. Although, this won't always occur. A breakout in any direction is noteworthy.
Time will tell I suppose.
Inverse Head & Shoulders breakout for ACB?ACB has been on a nice bullish uptrend since the 12 for 1 stock split, that was a great move on their behalf, however, it is interesting to see them buy a U.S asset & issue shares immediately after lol.
An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends
An inverse head and shoulders pattern, upon completion, signals a bull market
Investors typically enter into a long position when the price rises above the resistance of the neckline.
Inverse Head & Shoulders for CUSP.P?CUSP.P has been hiding under the radar since Bruce Linton & the CFO of Cronos joined last year, I wonder what cannabis-related ventures are awaiting announcement?
An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends
An inverse head and shoulders pattern, upon completion, signals a bull market
Investors typically enter into a long position when the price rises above the resistance of the neckline.
EURUSD Long Looking at the 4hour chart of EURUSD, it can be found that an inverted Head and Shoulders is forming as seen drawn on the chart above. This signals very strong bullish movement.
A triangle formation is able to be formed as well in the 4 hour time frame (Not shown here) which corresponds with a bullish movement as it breaks upward from the triangle.
Looking into the smaller time frame (15min), a rectangle pattern has been formed and broken upwards which indicates strong bullish movement.
Ascending Triangle breakout for Bitcoin?Inside of the ascending triangle on a micro scale Bitcoin is forming a cup & handle, there is merit potentially for a inverted H&S as well.
The RSI is displaying a inverse H&S, interesting because the moving averages are about to converge
Only time will tell, but a golden cross followed by an immediate death cross seems like a future occurrence.
LINKBTC CHAINLINK INVERTED H&S PRIMED FOR SHORT-MID Sorry to keep it short & sweet with another quick 2 publications today! I promise I"ll make a nice fat juicy/lengthy one tomorrow :)
TIMEFRAME: Mid.
RiSK/REWARD: LOW/MID
Everything you need to know is on the chart including the stop (included 2 figures)
Personally I'm going for TP2; CHAINLINK has been and will be one of the more promising tokens ushering in 2021 & is (much like MIOTA/CARDANO) one of those "game-changing" tokens that burst onto the scene & quickly breached the top 50 mkt cap....and became self-evident it was there to say.
Not posting any stonks (not anytime soon) publications so don't hold your breathe though I will include XAU/XAG LONGs when I can catch a breathe FFS (or some sleep =*( )
Peace & Love
-@a1mtarabichi
Disclaimer
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
AUDCAD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
